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Inflation in August Records Significant Increase Driven by Energy
Inflation in August had its biggest monthly increase of the year, with consumers facing higher prices, especially in energy. The consumer price index (CPI) rose 0.6% for the month and 3.7% annually, as announced by the US Department of Labor. Despite expectations, when food and energy are disregarded, the core CPI increased by 0.3% monthly and 4.3%…
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Inflation Data Largely In Line With Estimates May Lead To Choppy Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the pullback seen in the previous session. The futures initially moved to the downside following the release of the Labor Department’s highly anticipated report on consumer price inflation…
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Wednesday’s Wall Street Highlights: Apple, Xpeng, GoDaddy, BP, UBS, Nike, and more
US index futures are falling in pre-market trading on Wednesday, a crucial day for markets due to the presentation of US inflation data. This data could impact the Federal Reserve’s decision on monetary policy next week. At 7:07 AM, Dow Jones futures (DOWI:DJI) fell 52 points, or 0.15%. S&P 500 futures were down 0.14% and Nasdaq-100 futures…
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North American Morning Briefing: Stock Futures Slip Ahead of CPI
Market Wraps Watch For: CPI for August; EIA Weekly Petroleum Status Report Today’s Top Headlines/Must Reads: – What to Watch in the CPI Report: Did Inflation Continue to Cool in August? – As OPEC’s Energy Influence Wanes, China’s Minerals Clout Rises – China Denies Ban on Apple’s iPhones Opening Call: Stock futures stalled on Wednesday,…
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US Futures Flat, European Stocks Slip Ahead of US Inflation Data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.4% in morning trading. Aviva rose 2.9% and MorphoSys climbed 2.9%. On the other hand, Viaplay Group…
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Top Company News of the Day: UAW, Ford, Arm, Birkenstock
UAW Threatens Strikes at Certain Plants if It Can’t Reach Labor Deals The union plans to hold targeted strikes at certain U.S. auto factories if it can’t reach new labor deals with Detroit automakers by late Thursday. Ford Hires New CMO Away From Toyota As It Pivots Toward Electric Vehicles A likely UAW strike may…
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U.S. Stocks Move Back To The Downside Ahead Of Inflation Data
Stocks attempted to recover from initial weakness on Tuesday but moved back to the downside in the latter part of the session. The major averages all ended the day in negative territory, although the Dow posted a relatively modest loss. The tech-heavy Nasdaq slumped 144.28 points or 1.0 percent to 13,773.61, largely offsetting the strong…
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Crypto This Tuesday: PayPal Launches Crypto-Dollar Conversion, Franklin Templeton Submits BTC ETF, and More
Bitcoin movement follows varied perspectives On September 12, Bitcoin (COIN:BTCUSD) attempted to consolidate above $26,000, generating optimism among investors. Records indicated that Bitcoin maintained much of its 24-hour advance, reaching 5.5% at one point. Jelle, a renowned trader, showed enthusiasm for a retest of the $27,000 level. Meanwhile, Crypto Ed projected a possibility of reaching $28,000 in the…
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Keep An Eye Out: Pre-Market Movers And Recommendations
3M (NYSE:MMM): Melius Research maintains its hold recommendation with a reduced target price of $158. Adobe (NASDAQ:ADBE): RBC Capital maintains its outperform rating with a raised target price of $615. Air Products & Chemicals (NYSE:APD): Alembic Global Advisors maintains its overweight recommendation with a target price raised from $350 to $355. Block (NYSE:SQ): Baird downgrades…
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Looming Inflation Data May Lead To Initial Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after ending the previous session mostly higher. Traders may look to cash in on yesterday’s gains ahead of the release of the Labor Department’s highly anticipated report on consumer price inflation on…